BONK

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0463%/8h= +50.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.172%

Price spread now: Hyperliquid against Reya+0.119%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.119% dearer against Reya than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kBONKRUSDPERP	0.000003498	0.0083	pay 0.0010% / 1h	56m 01s	$4	—	15x
Short	Hyperliquid kBONK	0.000003502	0.0546	get 0.0068% / 1h	56m 01s	$11.9M	$8.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee HyperliquidbpOrdersPrice spread, now +0.119%Rate

Funding earned: $97.28
Price spread: +0.119% → 0.000%: $11.9
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $94.19
Costs to cover: 0.150%
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	1.42 bp	9.1 bp −$9	20.0 bp −$200	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BONK on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000BONK-PERP-INTX	−0.0096%	1h	0.000003510	+0.348%	$47K	$94K	50x	as long as short
gTrade (Gains Network) BONK/USD	L +0.0001% / S +0.0001%	1h	0.000003513	+0.448%	$24	—	150x	as long as short
Injective BONK/USDC PERP	+0.0033%	1h	0.000003274	−6.399%	$3K	$113	5.5x	as long as short
BloFin 1000BONK-USDT	+0.0044%	4h	0.000003515	+0.491%	$1.1M	$20.1M	75x	as long as short
Reya kBONKRUSDPERPlong	+0.0083%	1h	0.000003498	long leg	$4	—	15x
Nado kBONK-PERP	+0.0100%	1h	0.000003499	+0.048%	$65K	$142K	10x	as long as short
Aster 1000BONKUSDT	+0.0100%	4h	0.000003500	+0.062%	$48K	$283K	10x	as long as short
Pacifica kBONK	+0.0100%	1h	0.000003501	+0.090%	$116K	$161K	10x	as long as short
Binance 1000BONKUSDT	+0.0100%	4h	0.000003497	−0.018%	$18.0M	$91.4M	75x	as long as short
Bybit 1000BONKUSDT	+0.0100%	4h	0.000003495	−0.081%	$12.4M	$27.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BONK-USDT-SWAP	+0.0100%	8h	0.000003495	−0.081%	$3.1M	$15.2M	20x	as long as short
Gate BONK_USDT	+0.0100%	4h	0.000003498	+0.005%	$925K	$3.3M	50x	as long as short
MEXC 1000BONK_USDT	+0.0100%	4h	0.000003499	+0.033%	$11.1M	$10.5M	125x	as long as short
KuCoin 1000BONKUSDTM	+0.0100%	4h	0.000003500	+0.065%	$2.9M	$11.0M	75x	as long as short
Bitget 1000BONKUSDT	+0.0100%	4h	0.000003495	−0.081%	$4.5M	$5.5M	75x	as long as short
BingX 1000BONK-USDT	+0.0100%	4h	0.000003497	−0.024%	—	$5.1M	—	as long as short
Variational Omni 1000BONK	+0.0100%	4h	0.000003517	+0.544%	$343K	$119K	—	as long as short
ApeX Omni 1000BONKUSDT	+0.0100%	1h	0.000003519	+0.605%	$59K	$696K	25x	as long as short
Orderly PERP_1000BONK_USDC	+0.0100%	4h	0.000003498	+0.005%	$30K	$51K	20x	as long as short
SunX BONK-USDT	+0.0100%	4h	0.000003505	+0.205%	$2K	$15K	20x	as long as short
SoDEX 1000BONK-USD	+0.0100%	1h	0.000003500	+0.062%	$3K	$8K	10x	as long as short
HTX BONK-USDT	+0.0100%	4h	0.000003502	+0.119%	$100K	$136K	30x	as long as short
Extended 1000BONK-USD	+0.0104%	1h	0.000003498	+0.005%	$22K	$5K	25x	as long as short
Aevo 1000BONK-PERP	+0.0104%	1h	0.000003496	−0.052%	$4K	—	3x	as long as short
Lighter 1000BONK	+0.0128%	1h	0.000003502	+0.119%	$246K	$735K	10x	as long as short
GMX BONK/USD [ETH-USDC]	L +0.0196% / S −0.3950%	1h	0.000003000	−14.233%	$534	—	100x	as long as short
Deribit 1000BONK_USDC-PERPETUAL	+0.0322%	1h	0.000003499	+0.033%	$24K	$162K	10x	as long as short
Hyperliquid kBONKshort	+0.0546%	1h	0.000003502	+0.119%	$11.9M	$8.5M	10x
Backpack kBONK_USDC_PERP	+0.1370%	1h	0.000003503	+0.148%	$54K	$24K	10x	as long as short
dYdX BONK-USD	+0.1650%	1h	0.000003499	+0.042%	$13K	$10K	10x	as long as short
Kraken Futures PF_BONKUSD	+0.1809%	1h	0.000003505	+0.204%	$178K	$273K	50x	as long as short